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Cross

Securities transaction in which the same broker acts as agent for both sides of the trade; a legal practice only if the broker first offers the securities publicly at a price higher than the bid.

Cross

To match and execute two orders made to the same broker. Suppose a broker receives one order to buy 1,000 shares at $45 and another to sell 1,000 shares at $45. If he matches these two together, he is said to cross the orders. Crossing is subject to some regulation to prevent conflict of interest on the part of the broker.

cross

To match, by a single broker or dealer, a buy order and a sell order. For example, a floor broker may have an order to buy 500 shares of IBM at $120 and another order to sell 500 shares of IBM at the same price. Subject to certain rules, the floor broker may cross the order by matching the sell and the buy orders. Crossing of stock is common in large blocks.
References in periodicals archive ?
Showbiz gossips are buzzing over the possibility that actress Penelope Cruz, who is dating Tom Cruise, may cross paths with the actor's ex-wife Nicole Kidman at this year's Cannes Film Festival.
The Circle traces the arc of a woman's life through seven female characters who cross paths, by chance or design, on the streets of Tehran over the course of a single day.
The historical elements are beautifully imagined--along the way we cross paths with Brahms, Sigmund Freud, and Mrs.
You'll be getting the cold shoulder next time you cross paths with her, love.
The detectives cross paths with Albert's nemesis, corporate golden boy Brad Stand (Jude Law), an up-and-comer at the big box chain Huckabees who's determined to plow under Albert's beloved marsh and expand his company's market share.
In Clouds (incomplete): two sailboats/chaotic situation, 1992, the upper part o the work depicts a scene where two sailboats, one "treated" in red, the other i green, are about to cross paths beneath a sky filled with puffy clouds that see to have been taken from Romantic painting.
Warwickshire seam bowler Jimmy Anyon was out shopping in Touchwood the other day when he happened to cross paths with Glenn Hoddle.